Transparency Market Research has published a new market report titled “Reusable Water Bottle Market by Material Type (Polymer, Metal, Glass and Silicone), by Distribution Network (Supermarket/Hypermarket, Independent Stores, Online Sales and Others) and by Primary Usage (Everyday, Sports, Travel and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024.” According to the report, the Reusable Water Bottle market was valued at US$ 7.04 Bn in 2015 and is forecast to surpass US$ 10.19 Bn by 2024, registering a CAGR of 4.2% between 2016 and 2024.

An exhaustive analysis of the global reusable water bottle market and geographic assessment validates that the global reusable water bottle market is subjected to the higher adoption of polymer based reusable water bottle in many regions. Moreover, the manufacturer and brand marketers of reusable water bottle need to focus on polymer based reusable water bottle due to its low cost and wide availability in terms of features, size and design. Asia Pacific is expected to be the most favourable region in terms of incremental opportunities lying ahead for high revenue generation and estimated to dominate the global reusable water bottle market with 34.3% market value share in 2016, followed by Europe and North America. The mature markets i.e. Europe and North America are highly regulated and likely to create a substantial demand of reusable water bottle worth over US$ 3.72 Bn in 2016, approximately 3.2% higher than the previous year. Latin America and Middle East & Africa is estimated to collectively represent 14.8% of global reusable water bottle market value share, which is US$ 1.09 Bn in 2016.

Asia Pacific is forecast to be the largest growing region in the global reusable water bottle market and expected to witness a CAGR of 5.0% over the forecast period of 2016-2024. This region is expected to witness a growing Y-o-Y growth rate which is fluctuate from 4.9% to 5.3% during the period of 2015-2024. Asia Pacific region is expected to be the dominating region in the global reusable water bottle market due to increasing awareness towards the importance of hydration and environmental sustainability. Moreover, the growing the retail sector in Asia Pacific on the backdrop of increasing supermarket/hypermarket and evolving e-commerce platform has led to the rise in the revenue of reusable water bottle market. Adding to this, the growing middle income group along with increasing disposable income and rising living standard in Asia-Pacific is also considered a factor towards the growth of reusable water bottle market. In Asia Pacific, China is likely to continue to dominate the Asia Pacific market for reusable water bottle. This country not only consume reusable water bottles in large volume, but are also the large manufacturers in the region. Apart from domestic consumption, some Asian countries also account for a substantial share in global reusable water bottle market.